Baraka Energy & Resources (ASX: BKP) has commenced communications with a number of financial professionals in regards to potentially listing on the Frankfurt Stock Exchange (FSE) - with introductions by Zurich Securities.
Baraka said that having initially assessed the benefits that could flow to the company and shareholders from a greater exposure to large cash rich Fund Managers and Institutions in Europe, the company has resolved to carry out serious dialogue.
This includes a cost and reward benefit analysis.
The FSE is now part of the largest market in the world following the current merger with the New York Stock Exchange, with direct access to greater than one third of the world’s investment capital.
The liquidity of stocks listed on the FSE is the highest in all of Europe, including London and Paris Stock Exchanges and is third in the entire world.
Around 3,000 U.S. companies and even more Asian and non-German European companies have chosen FSE listings, which hosts over 11,800 companies.
European appeal
The Baraka board is of the opinion, that considering the company's current activities and anticipated expansion plans - which include diversification - the company would appeal to the European investors.
This appeal is helped by the success of Baraka’s oil shale project in the Northern Territory.
Baraka added that possible acquisition/joint ventures of other assets are currently being assessed.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/19253/baraka-energy-resources-eyes-european-investors-with-potential-frankfurt-listing-19253.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
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